Steem (STEEM)

Current price: $ 0.27

24 hours price change: $ -0.02 (-6.93%)

Daily analysis of Steem (STEEM) - 1 month

The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 23rd, 2022 to May 23rd, 2022.

In the barchart below, the weekdays and average performance of Steem are shown side by side.

Average daily change in price of Steem per weekday between 04/23/2022 and 05/23/2022.

According to the performance of Steem between April 23rd, 2022 and May 23rd, 2022, Steem performed the best on Sundays. On average, the price of Steem increased 0.17% on Sunday.

The weekday on which the Steem performed the worst, is Saturday. On Saturdays, the Steem declined in value on average by -3.28%.

Steem weekday performance

Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.17%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.20%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -0.03% and 0.37%.

It is hard to tell whether the Steem will increase or decrease in value on an average Monday. The average change on a Monday for the Steem is -0.06%. However, the standard deviation on this weekday is 0.07%. This means that on most Mondays, the change in value of the Steem is between -0.13% and 0.00%.

Steem increased in value on an average Tuesday only slightly. The average increase in value of the Steem was 0.08%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.28%). This means that on 68 percent of the Tuesdays, the change in price of the Steem is expected to be in the range of -0.20% and 0.36%.

It is hard to tell whether the Steem will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Steem is -0.05%. However, the standard deviation on this weekday is 0.29%. This means that on most Wednesdays, the change in value of the Steem is between -0.34% and 0.24%.

The decrease in value of the Steem is -3.15% on an average Thursday. The uncertainty of the average change is high for the Steem on Thursdays. This means that it is hard to tell whether the Steem will decrease or increase in value on an average Thursday. If we look at the 68% range of the Steem, we see that on 68% of the Thursdays, the expected change of the Steem is between -8.44% and 2.14%.

The Steem declines in value on an average Friday with -1.05%. However, the uncertainty (or standard deviation) is quite large, namely 1.67%. This means that it is not possible to say whether on a regular Friday the Steem will increase or decrease in value.

The decrease in value of the Steem is -3.28% on an average Saturday. The uncertainty of the average change is high for the Steem on Saturdays. This means that it is hard to tell whether the Steem will decrease or increase in value on an average Saturday. If we look at the 68% range of the Steem, we see that on 68% of the Saturdays, the expected change of the Steem is between -10.08% and 3.51%.

Steem weekday performance details

Find below the details of the performance of Steem per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.17% 0.20% -0.03% to 0.37%
Monday -0.06% 0.07% -0.13% to 0.00%
Tuesday 0.08% 0.28% -0.20% to 0.36%
Wednesday -0.05% 0.29% -0.34% to 0.24%
Thursday -3.15% 5.29% -8.44% to 2.14%
Friday -1.05% 1.67% -2.71% to 0.62%
Saturday -3.28% 6.80% -10.08% to 3.51%
 

About Us

: Financial indicators for cryptocurrencies